Many people dream of retiring comfortably, but few know how much money they will need to make that dream a reality. The question of how long your money will last in retirement is a crucial one, and the answer depends on several factors. Understanding these factors and taking the necessary steps to plan for retirement can help ensure that you have the financial security you need in your golden years. One of the first steps in determining how long your money will last in retirement is understanding your retirement savings. This includes any retirement accounts you may have, such as a 401(k) or IRA, as well as any other investments or savings you have set aside for retirement. From there, you can begin to calculate how much you will need to live on during retirement and how much you can afford to withdraw each year. By doing so, you can…
